Heterogeneous Impact of Green Finance on Carbon Reduction in High-Energy-Consuming Manufacturing under the Dual Carbon Goals
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v7i2.5169
Abstract
Under the Dual Carbon Goals, high-energy-consuming manufacturing is a core carbon reduction sector. Green finance is a pivotal low-carbon tool for curbing corporate carbon emissions. This paper samples China' s listed high-energy-consuming manufacturers, builds a three-level regression model, and tests the green finance index, its sub-tools and green credit mechanism on carbon emissions, analyzes heterogeneity by industry pollution, property right and firm scale. Results confirm green finance' s emission reduction effect with significant heterogeneity, providing policy references for the sector' s low-carbon transformation.
Keywords
dual carbon goals; green finance; high-energy-consuming manufacturing; carbon emission reduction; heterogeneity
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Copyright © 2026 Hongxiao Yin, Tao Hu
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